The Latest Breaking News on Economy

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

Treasurer Tim Pallas to hand down ninth budget on Tuesday with all eyes on debt recovery plans

Analysis shows more than 330,000 jobs gained in past year, but treasurer concedes inflation needs to cool

One thing we know for sure about the RBA – it knows even less about the outlook for wage growth than it does about inflation.

Months before an election, New Zealand’s government is offering some modest financial relief to many people by making most prescription medicines free and increasing subsidies for childcare and public transportation

The official labour force report reveals the jobless rate lifted to 3.7 per cent and around 4000 jobs were lost from the economy.

New Zealand is set to deliver what it calls a "no frills" budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year.

Union says compliance measures do more harm than good as Acoss analysis reveals they disproportionately affect vulnerable jobseekers

Both sectors have been hit by strikes for several months in bitter disputes over pay and staffing

Almost half of public sector employers surveyed expect significant problems filling vacancies to continue over the next six months.

The UK economy cannot get out of first gear. Data released by the Office for National Statistics shows growth was a negligible 0.1 per cent in the first quarter of the year, with output falling by 0.3 per cent in March alone.